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Asian Markets Mixed, Taiwan’s Taiex Rises 1.6% Leading Gains

Shares in Asia-Pacific were mixed on Friday following an overnight bounce on Wall Street.

The Taiex in Taiwan jumped 1.62% on the day to 16,302.06. India’s Nifty 50 also saw robust gains, rising 1.3%, as of about 1:47 p.m. local time.

Asian Markets
Taiex Index Performance Chart

Mainland Chinese markets closed lower, with the Shanghai Composite down 0.58% to 3,486.56 while the Shenzhen component slipped 0.809% to 14,417.46.

In Hong Kong, the Hang Seng index closed a little changed at 28,458.44. Shares of Tencent in Hong Kong dropped 3.37% on Friday, despite the Chinese tech behemoth posting a 65% surge in its quarterly profit on Thursday.

Japan’s Nikkei 225 rose 0.78% to close at 28,317.83 while the Topix index gained 0.46% to end the trading day at 1,904.69. South Korea’s Kospi closed 0.19% lower at 3,156.42.

Meanwhile, in Australia, the S&P/ASX 200 gained 0.15% to 7,030.30.

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.18% higher.

Overnight stateside, the S&P 500 gained around 1.1% to 4,159.12 while the Nasdaq Composite surged 1.77% to 13,535.74. The Dow Jones Industrial Average rose 188.11 points to 34,084.15. Those gains on Wall Street came on the back of three straight days of losses.

Asian Markets Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.819 — off levels above 90 seen earlier in the week.

The Japanese yen traded at 108.62 per dollar, stronger than levels above 109.2 against the greenback seen earlier this week. The Australian dollar changed hands at $0.774 following a recent rise from around $0.772.

Oil prices edged higher on Friday, taking a break after three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal.

Brent crude futures for July rose 10 cents, or 0.2%, to $65.21 a barrel by 0032 GMT while U.S. West Texas Intermediate for July was at $62.16 a barrel, up 22 cents, or 0.4%

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